When it comes time to acquire a new vehicle, you have the option of purchasing a used car or a brand new one. Let’s take a look at how you can decide which type of vehicle provides the most value for your money.
How Much Can You Afford to Spend?
Generally speaking, used cars in Shorewood, IL, are going to cost less than new cars. Therefore, it may be best for those on a limited budget to consider something that is a little older and may have fewer technology features. However, it is worth noting that used cars depreciate less quickly, which means that they will hold their resale or trade value for a longer period of time.
Why Are You Buying the Vehicle?
If you’re buying the vehicle as a retirement gift for yourself, it may not hurt to splurge on a luxury car, truck or SUV. However, if you’re looking for a winter vehicle for yourself or a starter car for your teen, used cars in Shorewood, IL, may be the better option. Used cars can also be ideal for those who just need something to get them to work or school each day.
How Long Do You Plan on Owning the Vehicle?
If you want your next car or truck to last for many years to come, it is generally better to opt for a new car. This is because they will be under warranty for roughly as long as it will take to pay your car loan in full. Therefore, you won’t have to worry about paying for major repairs while still trying to pay for the car itself.
The next time that you’re in the market for a new or used vehicle, take a trip to Ron Tirapelli Ford. You can also go to RonTirapelliFord.com to learn more.